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Lot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - External photo of four storey mid-terraceLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Basement living roomLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Flat two living room with bay windowLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Flat two kitchen with fitted unitsLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Bathroom with three piece suiteLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Garden split into two sidesLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Rear of mid-terrace propertyLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Landing and stairway for top floor flatLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Living room for top floor flatLot: 23 - FREEHOLD BLOCK OF THREE FLATS FOR INVESTMENT - Three piece bathroom suite
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Lot 23 Freehold Block Of Three Flats For InvestmentAuction Date:
20th March 2024

7 St. Pauls Road, Cliftonville, Margate, Kent, CT9 2DB

£326,000

Currently let at £16,788 per annum

Category Residential Investment
Tenure Freehold
Bedrooms x 5
Bathrooms x 3

An attractive mid-terrace four-storey property arranged as two, one-bedroom flats and one, three-bedroom maisonette, located in a quiet residential area.

The building is located close to Margate’s popular seafront and Old Town, potentially lending itself to holiday lets. Margate’s mainline railway station offers high speed links to London.

There is potential for the apartments to be sold individually on long leases or continue as an investment with potential for rent increases.

The property has been in the same family ownership for many years, has double glazed windows and a gas heating system via radiators.

Lower Ground Floor

Flat 1

Private entrance, living room with bay window, bedroom, kitchen, shower room with W.C.

Outside

Private garden to rear.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £440 per calendar month.

Upper Ground Floor

Communal entrance.

Flat 2

Entrance hall, living room with bay window, bedroom, kitchen/diner and bathroom with W.C.

Outside

Private garden to rear.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £460 per calendar month.

Upper Ground Floor

Flat 3

Stairs leading to first floor.

First Floor

Kitchen/diner, living room, two bedrooms and bathroom with W.C.

Second Floor

Bedroom.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £499 per calendar month.

Each Flat Council Tax Band A



7 St. Pauls Road, Cliftonville, Margate, Kent


There is an addendum available to be read
in conjunction with the legal documentation.

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